GAMMA Investing LLC Purchases 2,632 Shares of Mister Car Wash, Inc. $MCW

GAMMA Investing LLC boosted its stake in Mister Car Wash, Inc. (NYSE:MCW) by 87.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,645 shares of the company’s stock after purchasing an additional 2,632 shares during the quarter. GAMMA Investing LLC’s holdings in Mister Car Wash were worth $34,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC acquired a new stake in Mister Car Wash in the second quarter worth $91,000. Jane Street Group LLC grew its holdings in Mister Car Wash by 191.7% in the first quarter. Jane Street Group LLC now owns 37,482 shares of the company’s stock worth $296,000 after purchasing an additional 24,633 shares during the period. Millennium Management LLC grew its holdings in Mister Car Wash by 72.9% in the first quarter. Millennium Management LLC now owns 1,540,524 shares of the company’s stock worth $12,155,000 after purchasing an additional 649,448 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Mister Car Wash by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,310 shares of the company’s stock worth $444,000 after purchasing an additional 2,519 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Mister Car Wash by 20.7% in the first quarter. AQR Capital Management LLC now owns 129,352 shares of the company’s stock worth $1,012,000 after purchasing an additional 22,152 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MCW. BMO Capital Markets reduced their price target on shares of Mister Car Wash from $11.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, August 1st. Mizuho reduced their price target on shares of Mister Car Wash from $11.00 to $9.00 and set an “outperform” rating for the company in a report on Monday, August 4th. Wells Fargo & Company reduced their price objective on shares of Mister Car Wash from $9.00 to $8.00 and set an “overweight” rating for the company in a report on Friday, July 18th. UBS Group reduced their price objective on shares of Mister Car Wash from $8.25 to $7.25 and set a “neutral” rating for the company in a report on Thursday, July 31st. Finally, Piper Sandler reduced their price objective on shares of Mister Car Wash from $11.00 to $8.00 and set an “overweight” rating for the company in a report on Thursday, July 31st. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $8.09.

Mister Car Wash Stock Down 0.2%

Mister Car Wash stock opened at $5.29 on Monday. Mister Car Wash, Inc. has a fifty-two week low of $5.20 and a fifty-two week high of $8.60. The stock has a market cap of $1.73 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 1.65 and a beta of 1.46. The firm’s 50-day simple moving average is $5.64 and its 200 day simple moving average is $6.52. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.The firm had revenue of $265.42 million for the quarter, compared to analysts’ expectations of $271.83 million. During the same quarter last year, the firm posted $0.11 earnings per share. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. Research analysts predict that Mister Car Wash, Inc. will post 0.33 EPS for the current fiscal year.

Mister Car Wash Company Profile

Mister Car Wash, Inc, together with its subsidiaries, provides conveyorized car wash services in the United States. It offers express exterior and interior cleaning services. The company serves individual retail and corporate customers. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.